The country’s top leaders set an optimistic growth target but gave few hints of how to achieve it as their export-led strategy is challenged by rising tariffs on Chinese goods.
Category: National People’s Congress (China)
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China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The massive support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.
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China Shuts Down a News Conference, Shutting a Tiny Window for Its People
Once a year, the premier held a news conference, explaining the economy and giving Chinese a taste of political participation. That has come to an end.
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Is China’s Era of High Growth Over?
Beijing unveiled an annual economic target in line with last year’s, as it looks to refocus on strategically important sectors.
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China’s New Economic Agenda, a Lot Like the Old One: Takeaways
At the National People’s Congress on Tuesday, China’s leaders set an ambitious goal for growth, exactly the same one as last year.
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China Sets Economic Growth Target of About 5%
Premier Li Qiang targets economic growth of about 5 percent this year as China signals readiness to borrow more for spending programs.
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To Rein in China’s Banks, Xi Uses Familiar Playbook
The New York Times – Business:Xi Jinping is revamping China’s regulatory framework so the ruling Communist Party can assert more direct control over financial policy.
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China’s New Premier Needs to Revive Growth. How Far Will Loyalty Get Him?
The New York Times – Business:Li Qiang’s business-friendly reputation could bolster confidence in China’s economy. But he is stepping into a role with diminished power under Xi Jinping.
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China’s Economy Will Expand About 5 percent, A Cautious Target
The New York Times – Business:Last year China’s economy grew 3 percent, one of its worst performances. Now leaders are expecting a revival, but it will rely partly on public spending.
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What to Expect at China’s National People’s Congress as Xi Tightens Grip
The New York Times – Business:When its top legislature meets, Beijing will lay out a vision for reviving economic growth and strengthening the Communist Party’s grip after a chaotic reopening.